Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 2,792.1 | 2,288.7 | 1,822.4 | 1,786.7 | 1,653.8 | 1,404.7 | 4.1 | 1,224.3 |
Revenue growth | 22.0% | 25.6% | 2.0% | 8.0% | 17.7% | 34161.0% | -99.7% | -4.1% |
Cost of goods sold | 1,169.5 | 1,063.7 | 963.3 | 1,077.9 | 996.6 | 874.5 | 784.3 | 777.8 |
Gross profit | 1,622.5 | 1,225.0 | 859.1 | 708.8 | 657.2 | 530.2 | -780.2 | 446.5 |
Gross margin | 58.1% | 53.5% | 47.1% | 39.7% | 39.7% | 37.7% | -19028.9% | 36.5% |
Selling, general and administrative | | | | | | | | |
General and administrative | 56.6 | 61.3 | 49.8 | 43.1 | 38.4 | 37.2 | 39.6 | 26.8 |
EBITA | 466.6 | 331.6 | 173.4 | 153.4 | 143.0 | 95.9 | 81.6 | 91.9 |
EBITA margin | 16.7% | 14.5% | 9.5% | 8.6% | 8.6% | 6.8% | 1989.1% | 7.5% |
Amortization of intangibles | 1.0 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.7 | 1.6 |
EBIT | 465.6 | 330.4 | 172.2 | 152.2 | 141.6 | 94.5 | 79.9 | 90.3 |
EBIT margin | 16.7% | 14.4% | 9.5% | 8.5% | 8.6% | 6.7% | 1947.6% | 7.4% |
Pre-tax income | 468.0 | 332.8 | 176.3 | 146.7 | 135.8 | 89.8 | 74.9 | 86.0 |
Income taxes | 110.6 | 79.5 | 37.9 | 32.9 | 30.9 | -1.4 | 26.9 | 30.9 |
Tax rate | 23.6% | 23.9% | 21.5% | 22.5% | 22.7% | | 35.9% | 36.0% |
Net income | 357.4 | 253.2 | 138.3 | 113.7 | 105.0 | 91.1 | 48.0 | 55.0 |
Net margin | 12.8% | 11.1% | 7.6% | 6.4% | 6.3% | 6.5% | 1171.3% | 4.5% |
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Diluted EPS | $13.40 | $9.48 | $5.20 | $4.30 | $3.99 | $3.49 | $1.87 | $2.16 |
Shares outstanding (diluted) | 26.7 | 26.7 | 26.6 | 26.4 | 26.3 | 26.1 | 25.7 | 25.5 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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